Build up a rainy day fund that can outlast our non-stop rainy season. Simply Rewards – Saver lets you earn really high rates automatically — just link it to your Simply Rewards Checking – Cash account.

Details
  • Build your savings effortlessly
  • Links to free Simply Rewards Checking – Cash
  • Automatic transfers of Simply Rewards Checking – Cash earnings
  • 1.01% APY* on balances up to $15,000
  • 1.01% to 0.50% APY on balances over $15,000 depending on balance in account*
  • 0.05% APY* if qualifications are not met on Simply Rewards Checking – Cash
  • No monthly service fee
  • No minimum balance to earn rewards
  • Free online banking
  • Free eStatements
  • Free mobile banking**
  • $100 minimum deposit to open

Here’s how you qualify.

Qualifying for your Simply Rewards Checking – Cash rewards automatically qualifies you for the highest Simply Rewards – Saver rate, too. To earn your rewards, just do the following transactions and activities in your Simply Rewards Checking – Cash account during each monthly qualification cycle:

  • Have at least 1 direct deposit or ACH payment transaction post and settle
  • Have at least 15 debit card purchases post and settle
  • Maintain a valid email address on record with Sound Community Bank
  • Be enrolled in and agree to receive eStatements

Easy, wasn’t it? There’s never a penalty fee if you miss your monthly qualifications. You can get back to earning higher rates the very next cycle!

Put your savings on autopilot!

Do you currently have an account with Sound Community Bank?

*APY=Annual Percentage Yield. APYs accurate as of 5/22/2017. Rates may change after account is opened. Minimum to open is $100 for Simply Rewards Checking – Cash and $5 for Simply Rewards – Saver. For Simply Rewards Checking – Cash, if qualifications are met each monthly qualification cycle: (1) Domestic ATM fees incurred during qualification cycle will be reimbursed up to $25 ($4.99 per single transaction) and credited to account on the last day of monthly statement cycle; (2) balances up to $10,000 receive APY of 2.01%; and (3) balances over $10,000 earn 0.50% interest rate on the portion of the balance over $10,000, resulting in 2.01% - 0.64% APY depending on the balance. If qualifications are not met on Simply Rewards Checking – Cash all balances earn 0.05% APY. Qualifying transactions must post to and settle Simply Rewards Checking – Cash account during monthly qualification cycle. Transactions may take one or more banking days from the date transaction was made to post to and settle account. ATM-processed transactions do not count towards qualifying debit card transactions. "Monthly Qualification Cycle" means a period beginning one day prior to the first day of the current statement cycle through one day prior to the close of the current statement cycle. The advertised Simply Rewards Checking – Cash APY is based on compounding interest. Interest earned in Simply Rewards Checking – Cash is automatically transferred to Simply Rewards – Saver each statement cycle and does not compound. Actual interest amount paid may be less than advertised Simply Rewards Checking – Cash APY. The Simply Rewards – Saver APYs may be less than Simply Rewards Checking – Cash APYs. If qualifications in Simply Rewards Checking – Cash are met each monthly qualification cycle: (1) balances up to $15,000 in Simply Rewards – Saver receive an APY of 1.01%; and (2) balances over $15,000 in Simply Rewards – Saver earn 0.50% interest rate on portion of balance over $15,000, resulting in 1.01% - 0.57% APY depending on the balance. If qualifications are not met on Simply Rewards Checking – Cash , all balances in Simply Rewards – Saver earn 0.05% APY. Monthly direct deposit required to have this account. Transfers between accounts do not count as qualifying transactions. ATM receipt must be presented for reimbursement of an individual ATM fee of $5.00 or higher.

**Standard carrier messaging or data rates may apply.